U.S. stock futures nudge up with oil prices back on the move

U.S. stock futures nudged higher on Wednesday before the release of inventories data that could move sky-high crude-oil prices. See full story.

CORRECT: Corporate Express OKs $2.6 bln Staples bid

After three failed bids, Staples wins the support of Corporate Express with a $2.6 billion offer for the Dutch office-supplies group. See full story.

RBS says first-half performance 'satisfactory'

Britain’s second-largest bank, Royal Bank of Scotland, says performance hasn’t been any worse over the past two months, leading to a “satisfactory” first half if roughly 5.9 billion pounds ($11.5 billion) of write-downs aren’t factored in. See full story.

Mortgage applications rose 10.9% last week: MBA

Mortgage applications in the week ended June 6 rise 10.9% on a seasonally adjusted basis compared to the final week of May, even as interest rates charged on fixed- and adjustable-rate mortgages rise. See full story.

China's producer-price index climbs to 8.2% in May

HONG KONG (MarketWatch) -- China's producer-price index climbed in May from a year earlier at its fastest pace in three years, as industry grappled with higher prices for oil, coal and steal. The producer-price index climbed 8.2% in May, after rising 8.1% in April, the National Bureau of Statistics said Wednesday. "The rise in the PPI threatens to feed through into sustained higher levels of CPI, even as food prices, the main contributor to the current bout of inflation, stabilize," said Jing Ulrich, chairman of China Equities at JPMorgan Securities in Hong Kong. Coal, which accounts for 70% of China's energy consumption, has doubled in price since the beginning of the year. See full story.

Todd Harrison: Three tips for a tough tape

Shades of Green: Here's how to unload your gas-guzzler, but consider hanging on

The market for large sport-utility vehicles and trucks is in a sudden free fall as owners confronting potential $100 fill-ups are rushing to unload their petrol pigs to spare themselves squeals of pain at the pump. See full story.

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